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Dec 7, 2012
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they're not going to hawaii because those are over 50%, too. what does california, new york and hawaii know that we don't know? >> i think they do not believe -- you can say the same thing for the obama white house -- they think america's undertaxed and the tax rates can go dramatically higher despite these examples in europe without it hurting economic growth. i think they are completely wrong. i think you can draw just the opposite conclusion of what's going on in europe. but apparently we're going down that route anyway. >> isn't that why president obama wants to raise the tax rate? he raises the tax rate in order to spend. seems to me that taxing and spending is his mantra, just like the east european mantra and the california and new york -- why would you want to raise the tax rate $1.6 trillion if youp didn didn't want to spe? that's a big number. >> it is. jared bernstein was in "the new york times" complaining about the tax cutting in this country over the past 30 years. and jared says, we've gutted the tax code, we're just not getting
they're not going to hawaii because those are over 50%, too. what does california, new york and hawaii know that we don't know? >> i think they do not believe -- you can say the same thing for the obama white house -- they think america's undertaxed and the tax rates can go dramatically higher despite these examples in europe without it hurting economic growth. i think they are completely wrong. i think you can draw just the opposite conclusion of what's going on in europe. but apparently...
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Dec 13, 2012
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he's supposed to go to hawaii on december 17th. >> they have telephones in hawaii, i can tell you. >> no credibility. you have to be in washington. america will not stand for that, for these guys being on vacation. >> nancy pelosi said the deadline is early next week. >> if we don't have a deal by the end of next week, no deal to go over the cliff. >> let's do the countdown. down about 54 points. >> meanwhile, michigan is becoming the 24th right-to-work state here in the country. someone here says unions are toxic for both workers and companies. we'll tell you all about it. stay with us. sfx- "sounds of african drum and flute" look who's back. again? it's embarrassing it's embarrassing! we can see you carl. we can totally see you. come on you're better than this...all that prowling around. yeah, you're the king of the jungle. have you thought about going vegan carl? hahaha!! you know folks who save hundreds of dollars by switching to geico sure are happy. how happy are they jimmy? happier than antelope with night-vision goggles. nice! get happy. get geico. fifteen minutes could save y
he's supposed to go to hawaii on december 17th. >> they have telephones in hawaii, i can tell you. >> no credibility. you have to be in washington. america will not stand for that, for these guys being on vacation. >> nancy pelosi said the deadline is early next week. >> if we don't have a deal by the end of next week, no deal to go over the cliff. >> let's do the countdown. down about 54 points. >> meanwhile, michigan is becoming the 24th right-to-work state...
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Dec 27, 2012
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he cut short his vacation in hawaii in order to resume talks on the fiscal cliff. we're looking at pictures of him in honolulu as he's boarding air force one. we're looking at whether congress will be back in session in order to reach a deal as the clock ticks towards that year-end deadline. >>> the imf says france should give itself more leeway to meet mission targets. the company's 3% of gdp with more pressing -- than cussing excess from public finances. the imf has warned against more tax hikes warning these could further restrict growth. he says it's built a bit of momentum, but still needs to do more. >> france has to reform. france cannot -- that can avoid reforms. it can be again reforms which might be different. but we need to reform. let me say that from that perspective, the recent decisions going the right direction and i think that the government has understood the need to help companies create jobs. so what is important is that this momentum is there going forward. i mean, the momentum, positive momentum regarding the negotiation between the trade unio
he cut short his vacation in hawaii in order to resume talks on the fiscal cliff. we're looking at pictures of him in honolulu as he's boarding air force one. we're looking at whether congress will be back in session in order to reach a deal as the clock ticks towards that year-end deadline. >>> the imf says france should give itself more leeway to meet mission targets. the company's 3% of gdp with more pressing -- than cussing excess from public finances. the imf has warned against...
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Dec 19, 2012
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. >> brian, he's buying hawaii. he's not just buying malibu. >> first of all, he only bought 98%. >> i meant the state. all of those islands comprise the state of hawaii. i don't know if they taught you that in west virginia. >> let's get to the matter at hand, seriously. oracle, is it too late to get in? >> no. >> the stock's had this good run. >> we had that yesterday as you had steven weiss and murph debating it. i said weiss was right. i still believe he's right. i think a lot of the delayed orders,ing in particular the server space that are going to benefit apple, or rather oracle, hit in 2013 much more aggressively because the pause button is off. >> let's hit the biggest pops and drops. >> delphi being added to the big index. i got to say, this is one of the most successful reemergences from chapter 11 organization. already 35. it looks like the business is in great shape. auto parts, transmissions, things of that nature. >> ennis, what do you sea in seadaese seagate? >> it's been a volatile name. back up to
. >> brian, he's buying hawaii. he's not just buying malibu. >> first of all, he only bought 98%. >> i meant the state. all of those islands comprise the state of hawaii. i don't know if they taught you that in west virginia. >> let's get to the matter at hand, seriously. oracle, is it too late to get in? >> no. >> the stock's had this good run. >> we had that yesterday as you had steven weiss and murph debating it. i said weiss was right. i still...
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Dec 6, 2012
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i don't think he wants to be in hawaii without a deal. something is going to come up. >> ron, what about you? >> i thought the resignation of senator jim demint, who was a staunch conservative, which was a surprise departure, tells me the republicans in many ways are throwing in the towel on this deal. he's a guy who fought tooth and nail against this thing, against raising tax rates. you may want to work from the outside in, which is the way the press is portraying this. it looks like too many republicans are beginning to throw in the towel. they may finds a compromise that isn't necessarily clinton era tax rates, something in between. but it looks like the makings of a deal. with every change on the republican side, more and more likely to happen than not. >> all right. we'll see about that. we'll be watching. obviously, very, very important for the markets. thanks. see you later. >>> let's get to bertha coombs. one company with big moves after the bell. over to you. >> maria, amarin is falling after the bell. some had suspected them to
i don't think he wants to be in hawaii without a deal. something is going to come up. >> ron, what about you? >> i thought the resignation of senator jim demint, who was a staunch conservative, which was a surprise departure, tells me the republicans in many ways are throwing in the towel on this deal. he's a guy who fought tooth and nail against this thing, against raising tax rates. you may want to work from the outside in, which is the way the press is portraying this. it looks...
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Dec 5, 2012
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the president is supposed to leave for a 21-day vacation in hawaii on december 17th. where he is on december 18th will tell me, and i think the markets will pay attention. i find it hard to believe, and i agree with bill and many, who are very not amused by the house taking their long weekend. i'm sure that the president would have no intentions of leaving until these issues are resolved. i think the market is being kind, but i think it's a timing issue. >> yeah, i think that's a good point. somebody mentioned the other day that the president is planning a trip to hawaii on december 17th. i said, what? they said, no, no, no, not unless the deal is done. we'll see about that. meanwhile, the house goes away for a lock weekend. all right, rob. what do you think? you think we're going to get a deal done by the year end? >> i think there will probably be a deal done. i think you have to look at the market fundamentals today and say equities are as cheap as th they've been in 50 years relative to bonds. equities are going to stay firm. the second thing is the money flows go
the president is supposed to leave for a 21-day vacation in hawaii on december 17th. where he is on december 18th will tell me, and i think the markets will pay attention. i find it hard to believe, and i agree with bill and many, who are very not amused by the house taking their long weekend. i'm sure that the president would have no intentions of leaving until these issues are resolved. i think the market is being kind, but i think it's a timing issue. >> yeah, i think that's a good...
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Dec 10, 2012
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borrows in hawaii and washington, d.c. get the greatest benefit. from 3 to 5%. california hard hit, losing that reduction could hurt a lot. talking about hard hit, take a look at arizona, nevada and florida. does that really affect home buying when the bulk of buyers in those states are investors who don't use mortgages? the answer, probably not. now i want it highlight new york and new jersey. they are on the high end of what you get from the tax benefit. and they desperately need buyers. two states have huge foreclosure backlogs. they need brisk buy flg order to eat up that distress. we want to keep that in perspective. people say taking away this deduction will raise home prices and drop purchasing power. but we have to remember that the interest deduction is used by 27% of borrowers. what is interesting is that older americans are getting hit with it more because they usually would move out of their large homes by now and they today stay in place because they weren't able to sell during the housing crash. guys? >> diana, does it soften the blow if they am am
borrows in hawaii and washington, d.c. get the greatest benefit. from 3 to 5%. california hard hit, losing that reduction could hurt a lot. talking about hard hit, take a look at arizona, nevada and florida. does that really affect home buying when the bulk of buyers in those states are investors who don't use mortgages? the answer, probably not. now i want it highlight new york and new jersey. they are on the high end of what you get from the tax benefit. and they desperately need buyers. two...
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Dec 22, 2012
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. >>> now, here's what president obama had to say just before leaving for hawaii for christmas. >> i just spoke to speaker boehner, and i also met with senator reid. in the next few days i've asked leaders of congress to work towards a package that prevents a tax hike on middle class americans, protects unemployment insurance for 2 million americans, and lays the groundwork for further work on both growth and deficit reduction. that's an achievable goal. that can get done in ten days. >> wow. ten days. so, will the fiscal cliff solve in ten days? i know there's a deal out there some place it may not be until january, but let's ask our free market friday panel what they think. we have the columnist for the hill and former dnc communications director katie pavlitz. and mr. greenhaus is going to stay with us. all right, katie. first of all, obama basically said in ten days we can get a deal, it sounds like a small deal, 250,000 is the middle class threshold after mr. boehner's plan "b" got defeated. is such a thing possible? or will we have to wait until the new year? >> we're probably
. >>> now, here's what president obama had to say just before leaving for hawaii for christmas. >> i just spoke to speaker boehner, and i also met with senator reid. in the next few days i've asked leaders of congress to work towards a package that prevents a tax hike on middle class americans, protects unemployment insurance for 2 million americans, and lays the groundwork for further work on both growth and deficit reduction. that's an achievable goal. that can get done in ten...
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Dec 26, 2012
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i think the president coming back from hawaii to show he can't be in hawaii over the holidays while this is hanging over our heads. i don't think anything gets done and i don't think the market cares. >> where do you see evidence e the -- >> we have been sitting at this forever. brent crude at 110. these are high numbers. that's a pretty strong market for one that's about to fall out of bed. you expect them to get something done in the last 18 hours they haven't gotten done in the last 18 months? i can't imagine. >> why does the market not care if you're right? >> why does the market not care? people are saying there are reasons to own the stock market, irrespective of the fiscal cliff and things coming in the wake of sequestration and expiration of tax cuts actually good, things to embrace. let's embrace good things. republicans should like it. a little bit of fiscal responsibility in here and military budgets no party wants to take on, irrespective of parties. a lot to like. maybe they think bernanke can come in and to a certain degree fix with more stimulus policy and buying of assets
i think the president coming back from hawaii to show he can't be in hawaii over the holidays while this is hanging over our heads. i don't think anything gets done and i don't think the market cares. >> where do you see evidence e the -- >> we have been sitting at this forever. brent crude at 110. these are high numbers. that's a pretty strong market for one that's about to fall out of bed. you expect them to get something done in the last 18 hours they haven't gotten done in the...
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Dec 18, 2012
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. >>> also, senator daniel inouye of hawaii passed away this afternoon at age 88. inouye was a senator for 50 years. he was a world war ii hero as well. inouye was awarded the medal of honor for actions he took in italy in 1945 as a member of the legendary 442 combat team composed entirely of japanese americans. may senator inouye rest in peace. >>> now back to some stock market work. stocks continue to discount a fiscal cliff solution of some kind. as i've suggested, they're reacting positively. how about a little optimism on that story? up next, some optimism. ...so as you can see, geico's customer satisfaction is at 97%. mmmm tasty. and cut! very good. people are always asking me how we make these geico adverts. so we're taking you behind the scenes. this coffee cup, for example, is computer animated. it's not real. geico's customer satisfaction is quite real though. this computer-animated coffee tastes dreadful. geico. 15 minutes could save you 15 % or more on car insurance. someone get me a latte will ya, please? come pre-filled with problems. enough is enough
. >>> also, senator daniel inouye of hawaii passed away this afternoon at age 88. inouye was a senator for 50 years. he was a world war ii hero as well. inouye was awarded the medal of honor for actions he took in italy in 1945 as a member of the legendary 442 combat team composed entirely of japanese americans. may senator inouye rest in peace. >>> now back to some stock market work. stocks continue to discount a fiscal cliff solution of some kind. as i've suggested, they're...
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Dec 14, 2012
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president obama doesn't want to cancel his hawaii vacation, and harry reid's threatening to keep congress in session, again, for the third year, fourth year in a row. that could have been one of the things they talked about. but at this point, i'm not quite sure if boehner can really get a deeper spending cut deal. i think the most he's going to be able to get is a promise. >> keith boykin, the other thing when i was down in washington yesterday, on the phone with all these guys, is that basically the republicans are going to cave in. basically they're going to cut their losses. basically it's a strategic retreat, that's what i call it, and they will give the president, they will give him his middle class tax cuts, or extended tax cuts and the top rates are going up. now, what the gop gets in return for that i do not know. but i see a cave-in, keith. >> i think you're right. they have no choice, larry. i mean, there's no leverage. the tax rates are going to expire on december 31st, so on january 1st, regardless of whether they do nothing or not, something's going to happen. the president'
president obama doesn't want to cancel his hawaii vacation, and harry reid's threatening to keep congress in session, again, for the third year, fourth year in a row. that could have been one of the things they talked about. but at this point, i'm not quite sure if boehner can really get a deeper spending cut deal. i think the most he's going to be able to get is a promise. >> keith boykin, the other thing when i was down in washington yesterday, on the phone with all these guys, is that...
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Dec 31, 2012
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obviously states like hawaii, places like virginia that are more dependent on federal spending would get hit harder than other states, sue. so write down the numbers. write down the percentages and see how much any view they come up with brings it down to figure out what the macro economic effects will be and micro economic effects. simon? >> all right, steve. will do. we are still awaiting president obama to see how things are taking shape on parts of the deal for washington. back in two minutes. sfls welcome back to prounch. in just a few moments the president will take to the foed poed yum there to talk about the fiscal cliff negotiations. john, you have outlined what we believe are some of the components of this possible deal. given what you know, which side gave more at this point? >> i think everybody is giving. look, the president wanted, and democrats wanted, having campaigned on it, $250,000 threshold for family income for the return to the clinton jer gentleman tafrm rates of 39.6. republicans didn't want tax increases on anybody. democrats wanted more on estate tax. they a
obviously states like hawaii, places like virginia that are more dependent on federal spending would get hit harder than other states, sue. so write down the numbers. write down the percentages and see how much any view they come up with brings it down to figure out what the macro economic effects will be and micro economic effects. simon? >> all right, steve. will do. we are still awaiting president obama to see how things are taking shape on parts of the deal for washington. back in two...
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Dec 27, 2012
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ourselves in, and the last night president obama called myself and the speaker and maybe others from hawaii and asked if there was something we could do to avoid the fiscal cliff. i would say we're frustrated because we've been asking the president and the democrats to work with us on a bipartisan agreement for months. literally for months, a plan that would simplify the tax code and shrink the deficit, protect the taxpayers and grow the economy. democrats consistently rejected those offers. the president chose instead to spend his time on the campaign trail. this was even after he got re-elected and congressional democrats sat on their hands. now republicans have bent over backwards. we stepped way, way out of our comfort zone. we wanted an agreement, but we had no takers. the phone never rang, and so now here we are five days from the new year, and we might finally start talking. democrats have had an entire year to put forward a balanced bipartisan proposal, and if they had something to fit the bill, i'm sure the majority leader would have been able to deliver the votes the president wou
ourselves in, and the last night president obama called myself and the speaker and maybe others from hawaii and asked if there was something we could do to avoid the fiscal cliff. i would say we're frustrated because we've been asking the president and the democrats to work with us on a bipartisan agreement for months. literally for months, a plan that would simplify the tax code and shrink the deficit, protect the taxpayers and grow the economy. democrats consistently rejected those offers....
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Dec 24, 2012
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the president's playing golf in hawaii. there's nothing going on behind the scenes. >> there's not some -- >> meetings going on in the white house, there's not staff -- >> lining up a putt? >> no, which is difficult, because there's lots of other stuff that has to go into what the president talks about before he left on friday, which is the tax rates. he didn't talk about payroll tax cut, amt, a number of things. there's a lot that has to go into a final deal and how they get that done. >> my worry is we're not talking about early january, we're talking about late january. >> i think it's probably more mid january if we go over. because i think you'll see market reaction, and you'll see a lot of people freak out, and it's a problem. >> market reaction, would you think -- >> people still think it's, you know, we get a deal. last-minute deal. i tend to be an optimist. i've been a cliff diver for the start. the alternative to allowing it to happen is so crazy and so insane and so stupid. >> here's what -- i'm not advising the
the president's playing golf in hawaii. there's nothing going on behind the scenes. >> there's not some -- >> meetings going on in the white house, there's not staff -- >> lining up a putt? >> no, which is difficult, because there's lots of other stuff that has to go into what the president talks about before he left on friday, which is the tax rates. he didn't talk about payroll tax cut, amt, a number of things. there's a lot that has to go into a final deal and how...
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Dec 27, 2012
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yes, the president returning early from his hawaii vie cation today. at the top of this hour, expecting any minute on the senate floor that harry reid might come and give us some comment and guidance here on where to expect fiscal cliff talks to go over the next 48 hours or so. we know that the house of representatives will not be in session today but speaker bain he or she conferencing in his colleagues on a phone call this afternoon, all that up against a monday deadline. now we are told by game leadership that they will advise their numbers by saturday if they are going to bring them back into washington for a vote on anything on monday if there is a deal. there you see the united states senate is coming into session is this morning. we are going to keep an eye out for those remarks from senator reid, and of course, remarks on this fiscal cliff debacle have been moving the markets throughout the past couple of weeks, wait and see what harry reid has to say. guys, not a whole lot here to give those guys consumer confidence. >> the essence of poll tak
yes, the president returning early from his hawaii vie cation today. at the top of this hour, expecting any minute on the senate floor that harry reid might come and give us some comment and guidance here on where to expect fiscal cliff talks to go over the next 48 hours or so. we know that the house of representatives will not be in session today but speaker bain he or she conferencing in his colleagues on a phone call this afternoon, all that up against a monday deadline. now we are told by...
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Dec 21, 2012
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there, you know, i was joking that if you got these headlines saying the president is not going to hawaii. he'll be at the table until we get a deal done, fine. then maybe you get one of these pops. i think all of this points out exactly the sorts of things that the market is not particularly good at discounting. because really the outcome is determined by the intentions and the maneuvers of a handful of individuals. it is really not the wisdom of crowds telling you what is going to happen in the market here. >> you've been prescient in your picks for certain. last week on friday you picked johnson controls. 6% gain this week. so congrats on that one. now we're all ears. what is going to move now? >> i would like to just declare victory. >> i'm sure you would. while you're ahead. >> i feel like as a place to hide just in terms of tlt, the sort of long treasury play, simply because if this suspense lasts, it is going to, you know, sort of undo some of the sell off that you saw when we thought everything was great and we had a deal. so i don't think this is going to be really a fast mover.
there, you know, i was joking that if you got these headlines saying the president is not going to hawaii. he'll be at the table until we get a deal done, fine. then maybe you get one of these pops. i think all of this points out exactly the sorts of things that the market is not particularly good at discounting. because really the outcome is determined by the intentions and the maneuvers of a handful of individuals. it is really not the wisdom of crowds telling you what is going to happen in...
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Dec 26, 2012
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president obama cutting short his annual vacation in hawaii to deal with the fiscal cliff. no sight of congressional leaders. they're not in town. investors getting a little bit nervous. will congress get it together in time? no talks that we know of are imminent. it was by at least one measure, the weakest holiday retail sales growth since the financial crisis back in 2008, but could a post-christmas holiday sales bounce be around the corner? >>> and what a year it has been for tech. gadgets and gizmos. apple, facebook, microsoft all have big news. will 2013 be a lucky year for the sector? which tech titans might lead the new trends? simon hobbs is in at the new york stock exchange. >> good afternoon. when president obama arrives back in d.c., can he prevent america falling over the fiscal cliff? house republicans haven't yet called their members back to washington. our chief political correspondent, john harwood, is with us. john, this feels very much like it might be the calm before the storm in more way than one. >> it could be if we go over the cliff and the storm woul
president obama cutting short his annual vacation in hawaii to deal with the fiscal cliff. no sight of congressional leaders. they're not in town. investors getting a little bit nervous. will congress get it together in time? no talks that we know of are imminent. it was by at least one measure, the weakest holiday retail sales growth since the financial crisis back in 2008, but could a post-christmas holiday sales bounce be around the corner? >>> and what a year it has been for tech....
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Dec 27, 2012
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, look at bank of hawaii. because you know he's going to make that bank make money. even if he has to throw people out windows he's going to make that bank profitable. >> are you a fan of citi in that regard? >> i'm still waiting for them to tell me what the business model is. getting back to the point about morgan stanley. i think it's got great potential. citi was a good subprime lender and then they chased volume. whenever you chase volume you get in trouble in this business. >> you see any in the financial markets, you see any tumult next week? >> well, when the fed adjusts rates you're going to be looking at some very significant potential losses in the banking industry. not in the health and maturity -- >> not the fiscal cliff? >> no, i'm just talking about interest rates. >> anything happening if we go through? you know it's coming up, monday is new year's eve. >> it will hurt the economy which will hurt banks. but banks have rallied, i think, mostly because of the fed. they have cash flow, they were un
, look at bank of hawaii. because you know he's going to make that bank make money. even if he has to throw people out windows he's going to make that bank profitable. >> are you a fan of citi in that regard? >> i'm still waiting for them to tell me what the business model is. getting back to the point about morgan stanley. i think it's got great potential. citi was a good subprime lender and then they chased volume. whenever you chase volume you get in trouble in this business....
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Dec 27, 2012
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. >> reporter: president obama did cut his vacation short in hawaii. he has arrived back at the white house this morning. the president emerging from marine one. what he's going to work on here in washington is pretty much anybody's guess at this point. the senate came back into session this morning and senate majority leader harry reid took to the senate floor to explain that he thought a $250,000 and above extension of the tax -- bush tax cuts could, in fact, pass and he was extremely, extremely angry in ways that you really hear on the senate floor with the speaker of the house. take a listen. >> it's beings operated with a dictatorship of the speaker not allowing the vast majority of the house of representatives to get what they want. if the 250 would be brought up, it would pass. >> so harry reid there calling house speaker john boehner a dictator for not bringing a bill to the floor that would extend the bush tax cuts for all those who make less than $250,000 a year. now that bill if it was brought to the house floor would have to pass with democ
. >> reporter: president obama did cut his vacation short in hawaii. he has arrived back at the white house this morning. the president emerging from marine one. what he's going to work on here in washington is pretty much anybody's guess at this point. the senate came back into session this morning and senate majority leader harry reid took to the senate floor to explain that he thought a $250,000 and above extension of the tax -- bush tax cuts could, in fact, pass and he was extremely,...
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Dec 27, 2012
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what we know about the president is that he cut short his hawaii vacation, arriving in d.c. earlier today. and we're not aware of new developments from the president, but mcconnell seemed to telegraph that the president called him yesterday and now expecting that the president would make him some sort of offer at some point in the future. we haven't seen that yet. so, this story continues, melissa. >> so, it sounds, eamon, like the house is going to reconvene and that's sort of a precautionary call at this point because of the time frame but there's not necessary a deal on the table or closer to being formed at this point. >> that's right. it's not an indication that they have a deal in hand and they're going to vet on something on sunday. it is an indication that they do want all of the bodies back here in d.c. on sunday night. so that if they have to proceed to votes, they can do it and they know where their people are. everybody got 48 hours notation. a lot of the folks are retiring. they're all over the country. snowstorm is wrecking havoc on travel plans. everybody has
what we know about the president is that he cut short his hawaii vacation, arriving in d.c. earlier today. and we're not aware of new developments from the president, but mcconnell seemed to telegraph that the president called him yesterday and now expecting that the president would make him some sort of offer at some point in the future. we haven't seen that yet. so, this story continues, melissa. >> so, it sounds, eamon, like the house is going to reconvene and that's sort of a...
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Dec 31, 2012
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but also hawaii, a big percent comes from defense spending. the green is nondefense. ala kass, new mexico, kentucky. so we talk about $620 billion being spread across the economy that will be individual hits to individual states and individual people that will be hit harder if this qulif does take effect. >> some sobering numbers. >>> the phrase that got the most nominations on the list of words to be banished, fiscal cliff. so we want to know what other phrases should be banned and why? tweet us. we have your responses coming up next. [ male announcer ] at scottrade, you won't just find us online, you'll also find us in person, with dedicated support teams at over 500 branches nationwide. so when you call or visit, you can ask for a name you know. because personal service starts with a real person. [ rodger ] at scottrade, seven dollar trades are just the start. our support teams are nearby, ready to help. it's no wonder so many investors are saying... [ all ] i'm with scottrade. it's no wonder so many investors are saying... i've always kept my eye on her... but wit
but also hawaii, a big percent comes from defense spending. the green is nondefense. ala kass, new mexico, kentucky. so we talk about $620 billion being spread across the economy that will be individual hits to individual states and individual people that will be hit harder if this qulif does take effect. >> some sobering numbers. >>> the phrase that got the most nominations on the list of words to be banished, fiscal cliff. so we want to know what other phrases should be banned...
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. >>> but first, the hawaii senator daniel inouye died at the age of 8837 he's a veteran and war hero. he was the senate pro item. >>> welcome back to squawk this morning. applemaker is confirming plans for a hand set factory in indonesia. foxconn now saying no timeline has been set. it would cost $5 billion to $10 billion following worker deaths, sudz and other things foxconn and apple has set pledged to bridge a new building steemt. >>> leo g ray kowski is the asset managements. really, leo? do you oversee $178 billion? >> i have a lot of help, swroe. >> that sounds like you would have a lot more wrinkles and look a lot more haggard if you had that responsibility. if we get a cliff deal which is looking closer, are our problems over in terms of this sort of market that's been stuck in the mud for a decade, do you think? >> i think a lot depends on time frame, but no is the short answer to your question. i think, you know, markets being discounting mechanisms, i think it's very unlikely that here in the short-term, we get the type of meaningful entitlement reform and a thoughtful and
. >>> but first, the hawaii senator daniel inouye died at the age of 8837 he's a veteran and war hero. he was the senate pro item. >>> welcome back to squawk this morning. applemaker is confirming plans for a hand set factory in indonesia. foxconn now saying no timeline has been set. it would cost $5 billion to $10 billion following worker deaths, sudz and other things foxconn and apple has set pledged to bridge a new building steemt. >>> leo g ray kowski is the asset...
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hawaii is above 50, as well. >> hawaii is worth it, though. >> california is not bad either. >> unless you need to drive somewhere. right? and don't have a helicopter. >> there's a reason the president takes a helicopter anywhere. you can't drive in d.c. sdl those a >> boston in the city can get like that. last night i was thinking in my mother was still alive, cincinnati versus here, she would see like ten cars an and go oh, i can't believe people -- if she had seen the line of buss that basically was a wall of about 60 buses, they get precedence to go in, and then like 16 other lanes getting down to one to go into the tunnel, and you're just sitting there, like no within in the world does this. >> i got stuck in a broken down truck in the holland tunnel last night. it's amazing how fast they get that truck up and out. >> they better because there are fumes and everything else. but if you try to go from pasadena at the wrong time in l.a., it's three hours. in other news out of the financial services industry, jpmorgan is naming co-chief control officers the new positions are aimed at
hawaii is above 50, as well. >> hawaii is worth it, though. >> california is not bad either. >> unless you need to drive somewhere. right? and don't have a helicopter. >> there's a reason the president takes a helicopter anywhere. you can't drive in d.c. sdl those a >> boston in the city can get like that. last night i was thinking in my mother was still alive, cincinnati versus here, she would see like ten cars an and go oh, i can't believe people -- if she had...
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., hawaii and california, they're getting the biggest tax benefit in the $3,000 to $4,000 range. new york and new jersey are also way up there, thanks to high home values and income. and i'm noting them because these two states need home buyers, desperately. they have some of the biggest backlogs of distressed properties and need buyers in there absorbing that distress. taking away the deduction takes away one more reason to buy. $2,000 to $5,000 a year is a big savings. but we have to keep this in perspective. you only get the deduction if you itemize an only about one-third of americans do itemize. just 27% taking the deduction. and i want to note one other thing, older americans, 54% of families ages 55 to 64 are carrying mortgage debt. that's way up from 37% in 1989, because during the housing crash they were unable to move. so that's going to hit them hard as well. especially for the next several years. melissa? >> some very interesting figures. diana, thanks for that report. back at headquarters a quick market flash. >> good morning. take a look at marathon petroleum tradin
., hawaii and california, they're getting the biggest tax benefit in the $3,000 to $4,000 range. new york and new jersey are also way up there, thanks to high home values and income. and i'm noting them because these two states need home buyers, desperately. they have some of the biggest backlogs of distressed properties and need buyers in there absorbing that distress. taking away the deduction takes away one more reason to buy. $2,000 to $5,000 a year is a big savings. but we have to keep...
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>> the president is scheduled to go to hawaii a week from today. >> it's boehner and obama. >> there are things, there's a telephone. understand, they have phone service in ohio and hawaii. >> there's an urgency here that dave cody gets. why? because he has said, i'm not hiring until we get this stuff fixed. now, why doesn't that -- well, everybody, the job, small business job creator. come on, man. honeywell hires. that means other towns do great. that means you get into a very virtuous cycle mode. david, it is not about the small businessman. the little businessman doesn't do well unless the big businessman does well. >> who are they selling to? >> honeywell just hired 200 people. >> no doubt about it. >> the opening bell here at the new york stock exchange for a friday. top of the screen, the s&p 500. nasdaq, avago technologies. >> single-family rentals, homes for rent, single-family rentals, that's the way it's sort of getting all that notion, at least today that some people are locked out of credit. they are renters, or renters nation. >> the real estate investment trusts. >> ev
>> the president is scheduled to go to hawaii a week from today. >> it's boehner and obama. >> there are things, there's a telephone. understand, they have phone service in ohio and hawaii. >> there's an urgency here that dave cody gets. why? because he has said, i'm not hiring until we get this stuff fixed. now, why doesn't that -- well, everybody, the job, small business job creator. come on, man. honeywell hires. that means other towns do great. that means you get...
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. >> in the meantime, the president is in hawaii on vacation. washington lawmakers are on holiday. there's still no deal to avoid the fiscal cliff. the deadline is a week away. hampton pearson is in washington on the stalemate. >> as early as the day after christmas, congress and the white house will have to start to deal with what president obama called the real consequences of going over that fiscal cliff. >> nobody can get 100% of what they want. and this is not simply a contest between parties in terms of who looks good and who doesn't. there are real world consequences to what we do here. >> a short-term deal won't just focus on tax rates. the end of the payroll tax cut and the impact of the hike in the minimum tax on january 1st. over the weekend, we did hear from some republican moderates who say it may in fact be time to make some kind of a move. >> the president's statement is right, no one wants taxes to go up on the middle class. i don't want them to go up on anybody. but i'm not in the majority in the united states senate and he's the president of the united states. >>
. >> in the meantime, the president is in hawaii on vacation. washington lawmakers are on holiday. there's still no deal to avoid the fiscal cliff. the deadline is a week away. hampton pearson is in washington on the stalemate. >> as early as the day after christmas, congress and the white house will have to start to deal with what president obama called the real consequences of going over that fiscal cliff. >> nobody can get 100% of what they want. and this is not simply a...
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. >>> hawaii and the rest of the nation remember a gentle giant of the u.s. senate. >> with a heavy heart, it bid aloha, aloha to my good friend, colleague and brother, daniel inou inouye. >> you will be excused if you didn't know that before his death yesterday. hawaii's daniel inouye ranked third in the line of presidential succession. he was the senate pro tem, the senior member of the senate's majority party, having served 50 years during his half century in office. inouye made many, many friends, lots happen. but made remarkably little noise. initially barred from serving in world war ii because of his japanese roots, he petitioned to get himself into the army, wound up losing an arm, fought with such distinction that he earned the medal of honor. he was first elected to congress back in 1959, the year hawaii became a state. and earned such respect he was named to committee that investigated watergate, investigated the iran/contra, also rose to the top of the powerful senate appropriations committee, which helped him steer federal dollars to his beloved
. >>> hawaii and the rest of the nation remember a gentle giant of the u.s. senate. >> with a heavy heart, it bid aloha, aloha to my good friend, colleague and brother, daniel inou inouye. >> you will be excused if you didn't know that before his death yesterday. hawaii's daniel inouye ranked third in the line of presidential succession. he was the senate pro tem, the senior member of the senate's majority party, having served 50 years during his half century in office....
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daniel inouye, served hawaii since the day it became a state in 1959. now died at the age of 88 from respiratory problems, inouye the second longest serving member ever, right after robert byrd. he lost an arm, charging machine gun lest nests italy and earned the medal of honor. he witnessed the bombing of pearl harbor as a high school student. a towering figure, now gone. >>> today, congress may receive a report by an independent panel that examined the deadly attack on u.s. consulate in benghazi. the report was ordered by secretary of state hillary clinton. she will not testify due to illness. the stomach bug, fell over, got a concussion. the attack killed four americans, including chris stevens, u.s. ambassador to libya. >>> james clapper staying on. he agreed to remain for the foreseeable future. clapper taken a lot of heat for the response to the september 11th attacks on that u.s. mission in benghazi. >>> fedex, grounded. hundreds of packages never made it to their nebraska destinations. postal inspectors say a delivery driver working as a private
daniel inouye, served hawaii since the day it became a state in 1959. now died at the age of 88 from respiratory problems, inouye the second longest serving member ever, right after robert byrd. he lost an arm, charging machine gun lest nests italy and earned the medal of honor. he witnessed the bombing of pearl harbor as a high school student. a towering figure, now gone. >>> today, congress may receive a report by an independent panel that examined the deadly attack on u.s. consulate...
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senator daniel inouye represented hawaii from the day it became a state in 1959. he was 88. suffered from respiratory problems. shaken majority leader harry reid addressed colleagues yesterday. >> i have never known anyone like dan inouyue, no one else has. the kindness he has shown me for my time here in the senate has been something i will cherish always. >> senator inouye, second longest serving member ever behind robert byrd of west virginia. >>> newtown high school football coach steven george never expected a response when he left a message on a white board for president obama the president visited newtown on sunday. coach george and another teacher left a note on the white board in advance, thanking him for coming. they weren't sure the commander in chief would see it, but he did. the coach's note read, dear president obama the newtown community is so thankful that are every are you coming to help us heal. in times of adversity, it is reassuring to know that we have a strong leader to help us recover. the president wrote a note back on this white board. it said simply
senator daniel inouye represented hawaii from the day it became a state in 1959. he was 88. suffered from respiratory problems. shaken majority leader harry reid addressed colleagues yesterday. >> i have never known anyone like dan inouyue, no one else has. the kindness he has shown me for my time here in the senate has been something i will cherish always. >> senator inouye, second longest serving member ever behind robert byrd of west virginia. >>> newtown high school...
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senator daniel inuway of hawaii has passed away. a distinguished member of the united states senate. longest s the senate. distinguished record as a legislative leader. also was a world war ii combat veteran. he earned the nation's highest award for military valor and the medal of valor. served as chairman of the iran contra committee and a terrific guy to all of us who covered us over the years. they are joining us right now and very sad news. he was ill in recent weeks and in the hospital. still very, very sad that senator inouye has died. >> no question about it. you talked about some of the many, many points on his resume that made him so distinguished. one of them is that he is currently or was the longest serving senator here. he has been in the senate since 1963. in fact, he has represented the state of hawaii since it became a state in 1959. he also was currently serving as the president protem which made him 30 in line to the presidency. he was a constant presence around here. he has the position of the chairman of the powe
senator daniel inuway of hawaii has passed away. a distinguished member of the united states senate. longest s the senate. distinguished record as a legislative leader. also was a world war ii combat veteran. he earned the nation's highest award for military valor and the medal of valor. served as chairman of the iran contra committee and a terrific guy to all of us who covered us over the years. they are joining us right now and very sad news. he was ill in recent weeks and in the hospital....
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peace signs and flip-flops, and reminders of hawaii and other places they had visited. and they said by the time they left the the entire casket was colored, and that also has given them comfort and grace, they are going to be remembering grace, a wake on thursday, a funeral on friday. but it's amazing how strong they are and we'll be playing more of that interview tonight, wolf. >> they really reached out to you, anderson, because they want the world to know how wonderful grace was. they want to share that story with everyone. and it's not all that unusual, because a lot of times parents who lose someone in a situation like this, i remember at virginia tech, they want to speak out and express how much they loved their child. >> you know, it helps to talk. it helps to talk, it helps lynn to talk and it helps chris to talk and even jack, 12-year-old jack, who obviously we didn't interview on camera, it helps him to talk about grace. so even before we sat down for the interview, i spent a lot of time there honestly just hugging and holding hands with them and just looking
peace signs and flip-flops, and reminders of hawaii and other places they had visited. and they said by the time they left the the entire casket was colored, and that also has given them comfort and grace, they are going to be remembering grace, a wake on thursday, a funeral on friday. but it's amazing how strong they are and we'll be playing more of that interview tonight, wolf. >> they really reached out to you, anderson, because they want the world to know how wonderful grace was. they...
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she's in honolulu, hawaii. how much of a working holiday is this for the president or is it really up to congress at this point to do something in the next eight days? >> reporter: it's always a working holiday for president obama, but it's very much up to congress to do something here going into the new year. as of right now, this may surprise you, but there are basically no discussions going on. the white house, senate democrats, they are not in discussion with how republicans and senate republicans in any substantive way. that may seem troubling to you because in order to work out some sort of deal to make it through congress, all parties need to agree to something. but as of right now, they are not talking. all eyes now turning to the senate, which will reckoconvene thursday. harry reid has the task of trying to cobble something together that can get some republican support in the senate and also get some republican support in the house and make it through congress. that's a difficult task. the white house
she's in honolulu, hawaii. how much of a working holiday is this for the president or is it really up to congress at this point to do something in the next eight days? >> reporter: it's always a working holiday for president obama, but it's very much up to congress to do something here going into the new year. as of right now, this may surprise you, but there are basically no discussions going on. the white house, senate democrats, they are not in discussion with how republicans and...
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he represented hawaii in washington for more than five decades, ever since hawaii became a state in 1959. the 88-year-old senator was also a war hero. he lost his arm in world war ii. president obama and the first lady attended today's funeral in hawaii. obama has said inouye was his earliest political inspiration. >>> we are not going to budge. that's the message from the national rifle association. making it clear today its opposition to any new gun laws in the wake of the connecticut shooting. the group's ceo is standing by remarks he made at an event on friday. cnn's barbara starr has more on the debate that dominated the sunday morning talk shows. >> newtown. >> newtown. >> newtown. >> newtown. >> how many more? >> reporter: performers and artists now joining with 800 mayors calling for a plan to end gun violence. but wayne lapierre, the chief executive officer and public face of the national rifle association, made clear on nbc's "meet the press" that his organization will oppose legislation adding new restrictions to the sale of weapons or high-capacity ammunition magazines. >> lo
he represented hawaii in washington for more than five decades, ever since hawaii became a state in 1959. the 88-year-old senator was also a war hero. he lost his arm in world war ii. president obama and the first lady attended today's funeral in hawaii. obama has said inouye was his earliest political inspiration. >>> we are not going to budge. that's the message from the national rifle association. making it clear today its opposition to any new gun laws in the wake of the...
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. >>> the president is spending christmas holiday with his family in hawaii. cnn's brianna keeler is there. brianna there is no official word when he is coming back to the mainland, as that fiscal cliff deadline gets closer what do you think will happen out there as the week rolls on? >> reporter: well, miquel, it's hard to believe that president obama would not at some point come back to washington it is not officially on his calendar at this point but he has obviously come out here for christmas break while congress is away from washington as well and it is, of course, a little bit of a working vacation for him, as the white house tries to work something out with senate democrats, some sort of package to avoid these tax hikes for middle class americans here tend of the year. that's something, of course that will require some buy-in from senate republicans to pass. and it seems that unlikely that senate minority leader mitch mcconnell would want to negotiating? that he doesn't feel will be able to also pass the house, which would require the support of some h
. >>> the president is spending christmas holiday with his family in hawaii. cnn's brianna keeler is there. brianna there is no official word when he is coming back to the mainland, as that fiscal cliff deadline gets closer what do you think will happen out there as the week rolls on? >> reporter: well, miquel, it's hard to believe that president obama would not at some point come back to washington it is not officially on his calendar at this point but he has obviously come out...
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isn't the president supposed to be in hawaii on monday? >> i don't think he is going to be in hawaii on monday. i think they will be here for at least all of next week. let's see what happens on christmas eve. you have to get the legislation down on paper and take a look at it and have a roll call. there is a fast track they can do in a speedy fast track. they still need time and they are far apart on a lot of these issues. will they kick the ball down the road? that's obviously possible. they often do that in a situation like this. especially when they want to be home for christmas and new year's. that puts an enormous amount of pressure on the men and women in the house and the the house and senate. let's see if it's enough to score a deal. brooke, you know this, our viewers know this. if nothing happens, if no legislation is enacted, everyone's taxes is going on and there will be significant spending cuts, national security spending. that's going to happen until there's legislation. so the pressure is clearly enormous. >> the pressure i
isn't the president supposed to be in hawaii on monday? >> i don't think he is going to be in hawaii on monday. i think they will be here for at least all of next week. let's see what happens on christmas eve. you have to get the legislation down on paper and take a look at it and have a roll call. there is a fast track they can do in a speedy fast track. they still need time and they are far apart on a lot of these issues. will they kick the ball down the road? that's obviously possible....
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we know that the president is going to possibly delay his holiday, his vacation in hawaii. he's going to stay in washington to try and get it done. do we expect they'll all sit in their seats trying to hash something out before the new year? >> reporter: well, as i said, the two people who are going to have to do this now again, according to all sides, has to be the president and the speaker. the president is delaying his trip he says. we're going to hear from the speaker about what his plans are. we heard from the senate's top democrat, the senate majority leader he plans to go to the funeral or the memorial service for senator daniel inoyae and a funeral in hawaii and we're up to christmas eve and christmas. the senate won't come back until next week, you can hope when they get back they'll have something to vote on, but it's too close to call right now. we just don't know. >> dana, thank you. appreciate it. >>> like the debate over expiring tax cuts, weather unpredictab unpredictable. just ahead the official start of winter. wisconsin governor scott walker called for a s
we know that the president is going to possibly delay his holiday, his vacation in hawaii. he's going to stay in washington to try and get it done. do we expect they'll all sit in their seats trying to hash something out before the new year? >> reporter: well, as i said, the two people who are going to have to do this now again, according to all sides, has to be the president and the speaker. the president is delaying his trip he says. we're going to hear from the speaker about what his...
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we will have live report from hawaii and the latest on the fiscal cliff talks in just a few minutes as well. it's official, bp oil company will have to pay up to $7.8 billion, that is the class action settlement amount they agreed to pay to 100,000 businesses and individual has h by the biggest oil spill in history. the settlement was finalized yesterday, a lot of them are opting out and pursuing lawsuits of their own. >>> more affects of a brand new government's growing pans. this man announced that political life does not agree with him and he will go back to being a judge. it's the same day that the people are voting for a change to the new islamist backed constitution. protests broke out last month when the president gave himself near absolute power. >>> a eczema reason is freed today and heading home. he was locked up on weapons charges. he was threatened and chained to a bed and never saw a judge. the u.s. diplomats got involved and convinced mexican authorities to release him. [ bells tolling ] three little girls, had just celebrated her seventh bitter day, a photo of the happy
we will have live report from hawaii and the latest on the fiscal cliff talks in just a few minutes as well. it's official, bp oil company will have to pay up to $7.8 billion, that is the class action settlement amount they agreed to pay to 100,000 businesses and individual has h by the biggest oil spill in history. the settlement was finalized yesterday, a lot of them are opting out and pursuing lawsuits of their own. >>> more affects of a brand new government's growing pans. this man...
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the president and his family in his native hawaii. he is planning to return to washington after christmas. >>> it's official. bp oil company will pay up to the tune of $7.8 billion. that's a class action settlement amount. they agreed to pay to about 100,000 businesses and individuals for the biggest oil spill in american history. a federal judge formlized the settlement yesterday. a lot of gulf coast residents opted out of the class action suit and are pursuing lawsuits of their own. >>> a former marine who spent more than four months in a mexican prison is free today, and heading home to florida. jon hammar was locked up in august on weapons charges. his family says he was physically abused in custody, threatened and chained to a bed and never saw a judge. u.s. lawmakers and diplomats got involved on hammar's behalf and convinced mexican authorities to release him. >>> the last victims of the connecticut mass shooting are being laid to rest. funerals for three little girls were held today, but as families said their final goodness,
the president and his family in his native hawaii. he is planning to return to washington after christmas. >>> it's official. bp oil company will pay up to the tune of $7.8 billion. that's a class action settlement amount. they agreed to pay to about 100,000 businesses and individuals for the biggest oil spill in american history. a federal judge formlized the settlement yesterday. a lot of gulf coast residents opted out of the class action suit and are pursuing lawsuits of their own....
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was remembered with full military honors in hawaii. the 88-year-old senator lost his arm in world war ii, he represented hawaii in washington for more than 50 years. president obama and the first lady attended today's service. the president has said inouye was his earliest political inspiration. >>> many gun shop owners say sales have been booming. thousands of north texans visited local gun shows and stores this weekend where the most powerful weapons are costing more than ever. a gun dealer told our affiliate that an assault style weapon ran around $900. this week anywhere from 1500 to $2500 many in just a few minutes my conversation with a gun shop owner, several former police officers and a school safety expert who says the current call for bringing guns into schools for safety is in his words, borderline insane. >>> an estimated 87 million americans will be traveling over the holidays, and the weather is already complicating their plans. jennifer delgado has the holiday forecast. jennifer? >> it's hard to believe we're only two da
was remembered with full military honors in hawaii. the 88-year-old senator lost his arm in world war ii, he represented hawaii in washington for more than 50 years. president obama and the first lady attended today's service. the president has said inouye was his earliest political inspiration. >>> many gun shop owners say sales have been booming. thousands of north texans visited local gun shows and stores this weekend where the most powerful weapons are costing more than ever. a gun...
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from hawaii to try to keep america from going over the fiscal cliff. as the house and senate reconvene tomorrow. the clock is ticking. six days until the deadline. the way things work in washington, can they actually get something done before the end of the year? brianna keilar, what is the latest on this? >> hi, there, drew. president obama will be heading home from hawaii tonight, logical time arri arriving in d.c. thursday morning when the senate will be reconvenin reconvening, and the senate, all eyes on now, that we look for the last-ditch effort to avoid the fiscal cliff. even though the president is returning on thursday, we may not see the senate roll out its bill to deal with the fiscal cliff. perhaps for a couple of days. this is entirely possible we've learned from sources as senate majority leader harry reid works to get republican support in the senate, which he will need if he's going to pass a bill. and so we're still waiting to see exactly what it will look like that the white house wants for the threshold on income tax rates to cut off
from hawaii to try to keep america from going over the fiscal cliff. as the house and senate reconvene tomorrow. the clock is ticking. six days until the deadline. the way things work in washington, can they actually get something done before the end of the year? brianna keilar, what is the latest on this? >> hi, there, drew. president obama will be heading home from hawaii tonight, logical time arri arriving in d.c. thursday morning when the senate will be reconvenin reconvening, and the...
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he left hawaii last night after less than a week there. he had to come back, had to be in washington in time to deal with the looming fiscal cliff just five days away. jessica yellen waiting for him at the white house. great to see you. what can the president do at this point, i guess, is the big question. and are aids still hopeful for a deal before january 1st? >> taking your second question first, hopefully, yes. confident, i would say that's going too far. at the white house they are frowning about what they consider recalls trance on willing to compromise. what can the president do, he can con joel all sides closer to some sort of agreement. from the democrats perspective what they think needs to be done is to get senate leader mcconnell to agree not to filibuster any action in the senate and then get speaker boehner to agree to put a bill forward on the house floor for a vote. if those two pieces happen, then they feel like there could be something done before new year's. so it's sort of con joeling mitch mcconnell to agree to those
he left hawaii last night after less than a week there. he had to come back, had to be in washington in time to deal with the looming fiscal cliff just five days away. jessica yellen waiting for him at the white house. great to see you. what can the president do at this point, i guess, is the big question. and are aids still hopeful for a deal before january 1st? >> taking your second question first, hopefully, yes. confident, i would say that's going too far. at the white house they are...
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Dec 8, 2012
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the pivotal moment in american history remembered today with a moment of silence at pearl harbor in hawaii at 7:55 a.m. that's the exact time the bombs dropped, killing 2,390 service members and 49 civilians. amazing. >> that's it for us. thanks very much for watching. you can always follow what's going on here in the situation room on twitter. i'm @wolfblitzer. >> i'm yt kate bolduan. >>> "erin burnett outfront" starts right now. >> outfront next, john boehner says the sprt slow walking to the edge of the fiscal cliff. but the house speaker did give us one flash of hope if you listen to his words very carefully. the u.s. is updating its military plans against syria as new intelligence shows assad's regime is loading sarin gas into bombs. and president obama's pot problem. let's go "outfront." >>> i'm tom foreman in for erin burnett. outfront tonight, the magic number after a whole week of harsh words here in washington and threats to, did house speaker john boehner hint ever so slightly at a compromise today that could finally edge us away from the dreaded fiscal cliff? it comes down to t
the pivotal moment in american history remembered today with a moment of silence at pearl harbor in hawaii at 7:55 a.m. that's the exact time the bombs dropped, killing 2,390 service members and 49 civilians. amazing. >> that's it for us. thanks very much for watching. you can always follow what's going on here in the situation room on twitter. i'm @wolfblitzer. >> i'm yt kate bolduan. >>> "erin burnett outfront" starts right now. >> outfront next, john...
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Dec 23, 2012
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fiscal cliff, and then he took off for ohio with a parting blast at the president that went off to hawaii. >> and he refuses to challenge the members of his party to deal honestly with the entitlement reform and the big issues facing our nation. that's why we find ourselves here today. >> the holiday season is beginning to seem a lot more like groundhog day. bh he we return, long-time boehner ally and fellow ohioans steven la turret and south carolina's mcmulvaney. questions? anyone have occasional constipation, diarrhea, gas, bloating? yeah. one phillips' colon health probiotic cap each day helps defend against these digestive issues with three strains of good bacteria. approved! [ female announcer ] live the regular life. phillips'. we don't let frequent heartburn come between us and what we love. so if you're one of them people who gets heartburn and then treats day after day... block the acid with prilosec otc and don't get heartburn in the first place! [ male announcer ] one pill each morning. 24 hours. zero heartburn. >>> you are a republican, congressman, who said signaled at the v
fiscal cliff, and then he took off for ohio with a parting blast at the president that went off to hawaii. >> and he refuses to challenge the members of his party to deal honestly with the entitlement reform and the big issues facing our nation. that's why we find ourselves here today. >> the holiday season is beginning to seem a lot more like groundhog day. bh he we return, long-time boehner ally and fellow ohioans steven la turret and south carolina's mcmulvaney. questions? anyone...
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Dec 21, 2012
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his body will be returned to his home state of hawaii tomorrow. his funeral is set for sunday. >>> and a law banning americans from adopting russian children warranted parliamentary approval. it's seen as retaliation for a u.s. law punishing human rights abusers in russia. it faces another vote before it can be signed into law. russia is one of the top sources for international adoptions over a 12-year period, more than 45,000 u.s. adoptions came from russia. >>> and on this first day of winter, a powerful winter storm and one of the busiest travel days of the year. it's adding up to be a big headache for those trying to get out of town for the holiday. this storm that hammered the midwest, it's now on the move and cnn meteorologist's alexandra steele, how bad could it get? >> it's been rough and it's getting rough tonight. here's what is happening with the delays, predominantly in new york, laguardia, jfk. boston as well. laguardia to newark to boston. san francisco has had four-hour delays. now 3 1/2 hours and it is weather-related there, too. f
his body will be returned to his home state of hawaii tomorrow. his funeral is set for sunday. >>> and a law banning americans from adopting russian children warranted parliamentary approval. it's seen as retaliation for a u.s. law punishing human rights abusers in russia. it faces another vote before it can be signed into law. russia is one of the top sources for international adoptions over a 12-year period, more than 45,000 u.s. adoptions came from russia. >>> and on this...
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and president obama and the first family arrived in hawaii just a short time ago. the president and lawmakers are expected to return thursday after the christmas break. before leaving washington, mr. obama and house speaker john boehner both expressed hope that a deal will actually get done. >> we can't cut our way to prosperity. we need real economic growth. many of us believe on both sides of the aisle that the fundamental reform of our tax code will help us get our economy moving faster and put more americans back to work. and more americans on -- how we get there, god only knows. >> i asked for a compromise from members of congress, i met them more than halfway on spending and met them halfway on taxes. in terms of actual dollar amounts, we're not that far apart. as of today, i am still ready and willing to get a comprehensive package done. >> but time is running out. to reach an agreement, there are now just ten days left until automatic tax hikes and spending cuts do take effect. the s&p 500 and the nasdaq finished in some negative territory for the day. inve
and president obama and the first family arrived in hawaii just a short time ago. the president and lawmakers are expected to return thursday after the christmas break. before leaving washington, mr. obama and house speaker john boehner both expressed hope that a deal will actually get done. >> we can't cut our way to prosperity. we need real economic growth. many of us believe on both sides of the aisle that the fundamental reform of our tax code will help us get our economy moving...
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Dec 23, 2012
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he represented hawaii many congress for more than five decades. ever since hawaii became a state in 1959. the 88-year-old senator was a war hero. he lost his arm in world war ii. president obama and the first lady attended today's funeral at the national memorial cemetery of the pacific. the president has said niouye was his earliest political inspiration. the civil war in syria already tragic on a dwloebl scale. took a shocking turn for the worst today. [ yelling ] >> this is a small village in western syria. more than 100 people were killed in a bombing here. some say the death toll is higher. according to witnesses, syrian military -- a syrian military jet dropped three bombs on this town on the spot where scores of people were standing in line for bread. >>> a ban on proezs doughfied in new delhi, india. riot police blasting protesters with high pressure water hoses. demonstrators hit the streets after a woman was gang-raped on a moving city bus last weekend. they're defending the toughening of india's rape laws. meanwhile, further knott a pro
he represented hawaii many congress for more than five decades. ever since hawaii became a state in 1959. the 88-year-old senator was a war hero. he lost his arm in world war ii. president obama and the first lady attended today's funeral at the national memorial cemetery of the pacific. the president has said niouye was his earliest political inspiration. the civil war in syria already tragic on a dwloebl scale. took a shocking turn for the worst today. [ yelling ] >> this is a small...
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Dec 27, 2012
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hawaii's governor naming a successor to late senator inouye. he had recommended u.s. rep in a letter sharply before he died. with six days before we go off the fiscal cliff, president obama is cutting his hawaii vacation short, flying back to washington, uncertain what kind of deal making possibilities he will find when we will come back. republican leaders made no decision about when to call their members back nor it is clear what kind of deal, if any, they will have to vote on. a lot of digging tonight for cnn's dana bash. i understand there were no decisions out of this call, but do we have any sense of what fellow. >> rob:s are telling speaker boehner? how likely are we to see a vote in time to avoid going of the cliff? >> it really is up in the air. i'm told in part that's why house. >> rob:s didn't make a decision to bring the house back or when to do it because the ball really is in the senate's court, specifically with senate democrats. that has changed big time since a few weeks ago. at this point what they are trying to figure out is whether or not they can
hawaii's governor naming a successor to late senator inouye. he had recommended u.s. rep in a letter sharply before he died. with six days before we go off the fiscal cliff, president obama is cutting his hawaii vacation short, flying back to washington, uncertain what kind of deal making possibilities he will find when we will come back. republican leaders made no decision about when to call their members back nor it is clear what kind of deal, if any, they will have to vote on. a lot of...